Premium
This is an archive article published on May 10, 2012

Gold futures down on global cues

Gold prices fell by Rs 236 to Rs 28,442 per 10 gm in futures trade today as speculators offloaded their positions on the back of weak trend in global markets.

google-preferred-btn

Gold prices fell by Rs 236 to Rs 28,442 per 10 gm in futures trade today as speculators offloaded their positions on the back of weak trend in global markets.

Sentiment damped after gold dropped to four-month low in New York as deepening political turmoil in Greece boosted the appeal of the dollar as a safe haven and curbed demand for precious metals as alternative assets.

At the Multi Commodity Exchange,gold for delivery in June fell by Rs 236,or 0.82 per cent,to Rs 28,442 per 10 gm in business turnover of 10,992 lots.

Similarly,the metal for delivery in August contract moved down by Rs 213,or 0.73 per cent,to Rs 28,862 per 10 gm in 774 lots.

Market analysts said speculators offloaded their positions on the back of weak trend in overseas markets mainly led to fall in gold prices at futures trade.

Meanwhile,gold fell by USD 15.40 to USD 1589.40 an ounce in New York last night.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
What contaminated Indore’s water? Toilet still top possibility but engineers spread out to look for other culprits
What contaminated Indore’s water? Toilet still top possibility but engineers look for other culprits
From ‘do or die’ to surrender: Why Telangana Police see Barsa Deva’s decision as end of Maoist movement
Two men from same village rose to top of Maoist ranks. Their careers – and fates – ended differently
Anurag Kashyap heaps praises on Ranveer Singh's Dhurandhar.
Anurag Kashyap heaps praise on Dhurandhar while disagreeing with its politics: 'Aditya Dhar is a Kashmiri Pandit who has suffered'
Dhurandhar Box Office Collection Worldwide Day 30 Live Updates
Dhurandhar Box Office Collection Worldwide Day 30 Update: Ranveer Singh film mints Rs 1182.25 cr worldwide; sees 34% jump on 5th Saturday
Deepinder Goyal that his introverted nature had proved to be lucky for him
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
In India, the supermoon was visible shortly after sunset, giving skywatchers a striking early-evening view.
Wolf Moon: the first supermoon of 2026 lights up night sky in Bhubaneswar and Guwahati; watch
Fulton
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
The BCCI will communicate to BCB about Indian government decisions in due course. (BCCI Photo)
Like with Pakistan, India-Bangladesh cricket ties could snap after BCCI asks IPL franchise Shahrukh Khan’s KKR to eject Mustafizur Rahman from team
Year-end musings
My wish for 2026 is that we somehow manage to get an Oppn party
Panama Noriega
History repeats itself: How US captured Panama's leader Noriega nearly 36 years ago, much like it arrested Maduro
love
Why being single, and not lonely, changed how I recognised love
According to theoretical models of planetary system formation, violent gravitational interactions early in a system’s history can eject planets into interstellar space. (Image: University of Warsaw)
A planet with no sun: Astronomers spot rare rogue planet
Advertisement
Must Read
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
Fulton
Like with Pakistan, India-Bangladesh cricket ties could snap after BCCI asks IPL franchise Shahrukh Khan’s KKR to eject Mustafizur Rahman from team
The BCCI will communicate to BCB about Indian government decisions in due course. (BCCI Photo)
Breaking down India ODI squad against New Zealand: No major surprises as Shubman Gill, Shreyas Iyer return; selectors keep faith in Rishabh Pant
India squad for New Zealand Shreyas Iyer Shubman Gill
A planet with no sun: Astronomers spot rare rogue planet
According to theoretical models of planetary system formation, violent gravitational interactions early in a system’s history can eject planets into interstellar space. (Image: University of Warsaw)
Smartphones and PCs may soon cost up to 20% more as AI fuels memory shortage
The AI-driven memory chip crunch could lead to more smartphones launching with lower RAM configurations.
Inside Samsung’s CES 2026 showcase: Bigger screens, smarter homes
Samsung is also working more closely with Google to integrate Gemini-powered features into several of its home products, such as refrigerators and wine cellars equipped with smart displays. (Image:Samsung)
Why being single, and not lonely, changed how I recognised love
love
Advertisement
Buzzing Now
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
Deepinder Goyal that his introverted nature had proved to be lucky for him
Wolf Moon: the first supermoon of 2026 lights up night sky in Bhubaneswar and Guwahati; watch
In India, the supermoon was visible shortly after sunset, giving skywatchers a striking early-evening view.
‘Not a single piece of trash’: Video of spotless Kerala railway station platform goes viral; netizens applaud
kerala Railway station cleanliness
Delhi college students invite food delivery rider to join their New Year's house party: 'Pure Delhi energy'
Food delivery rider new year party in Delhi
Anand Mahindra says ‘I want my MTV’ as iconic music channels go off air after 44 years: ‘End of an era’
Anand Mahindra MTV
Jan 04: Latest News
Advertisement